Dec 27, 2012 10:00pm PST
ends. >> happy new year's america. ♪ >> 29 and a half hours that is how long congress will have to avoid going over the fiscal curve on sunday night. >> if we go over the cliff, mr. president, the house of representatives as we speak with four days left after today with the first of the year, aren't here. i can't mamg they are out wherever they r and we are here trying to get something done. >> president obama called leaders last night and tomorrow afternoon we will meet with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today harry reid emphasized that there is ome one reason why they are unable to reach an agreement so far. >> this has been going on for years. they cannot cross over the threshold. people are not proposing making the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues.
Dec 28, 2012 4:00pm EST
of the year. you're betting on congress which is absurd. why would you bet on congress? i don't care if they convene sunday night at 6:00. you going to bring the senate back at 2:00 a.m. to reject their bill. there has been no market pressure on this congress, and until there is, there will be no deal which means we go a lot lower before they ever come across the aisle to make a deal and solve this issue. >> but we don't know exactly what is going to happen in the new year, right, and isn't it a big risk? if you go into cash now, liquidate, go into cash and there's a big real, and we're off to the races again? >> you know, that -- again, that is -- i have a very hard time with the got to be in all the time to miss a rally opportunity. look, odds are there's going to be volatility, and we even saw it this year. the market ends, you know, a nice strong year, but there was opportunity to buy weakness during the year, so if -- look, if miraculously they come out and there's a huge deal and you are cash heavy, as i am, will i be, you know, clamoring to put that money to work to try to cha